With so much AI development going on, companies need to understand how to apply accounting rules. There are existing accounting frameworks under U.S. GAAP that are relevant, but the challenge is applying them to AI. There are grey areas and questions that need to be answered.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Accounting for AI Implementation Costs: Practical Information for Finance Leaders
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Minutes before the July 1 deadline, Governor Sherrill signed a major new state budget. Is it actually the breath of fresh air New Jersey businesses have been waiting for? Budget expert Chris Emigholz dissects the massive $60.7 billion spending plan, including new revenue raisers and business fees, changes to the STAY NJ program, last-minute budget add-ons and more.

Topics discussed:

• Overall impression of the budget
• New taxes and revenue raisers
• Changes to STAY NJ property tax relief program
• Support for businesses
• “Christmas tree” items
• The budget process/transparency

Resources:

• New Jersey budget
• New Jersey Business & Industry Association

AICPA system and organization controls (SOC) reporting has become a cornerstone of trust in today’s technology-driven market. But does too much reliance on SOC 2 reports create a false sense of security? This episode discusses why over-reliance can be risky.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• AICPA guides peer reviewers to address SOC 2 risks
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Jerry Maginnis is back with us to provide advice to those pursuing a career in accounting. The second edition of his book, Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities, has new sections on how AI and private equity impact accounting careers, the importance of understanding the history of accounting, and more.

Topics discussed:

• What inspired Jerry to update the book
• What the subtitle “Making your assets exceed your liabilities” means from a career standpoint
• How AI will affect the future of accounting professionals
• How private equity may impact accounting career opportunities
• How early-career professionals should balance in-person versus remote work
• The importance of understanding the history of the accounting profession
• Advice for those deciding which career path to choose
• Lessons for those beyond the early stages of their careers

Resources:

• Pre-order/purchase “Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities”
• Career resources for accounting students
• Career resources for early career professionals

This episode, which was recorded live at the NJCPA Convention & Expo, covers parts 2 and 3 of the AICPA’s proposed changes to attestation standards.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• AICPA exposure drafts of proposed SASs, SSAEs ad SQMSs
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

We’re exploring practical ways for accounting firms, especially smaller practices, to operationalize and navigate the monitoring process mandated by Statement on Quality Management Standards (SQMS) No. 1.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• How to monitor a firm’s system of quality management
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

America is turning 250, and New Jersey is taking center stage. In this episode, we dive into the national celebration and explore why the Garden State was famously dubbed the "Cockpit of the Revolution." Carrie Fellows of the Crossroads of the American Revolution National Heritage Area discusses the statewide plans, the organizations driving the history forward and how you can join the celebration in your own backyard.

Topics discussed:

• Overview of the 250th anniversary celebration
• Why New Jersey is called the “cockpit of the revolution”
• Activities planned in New Jersey
• How people and businesses can participate
• About the Washington Crossing Visitor Center
• About Crossroads of the American Revolution National Heritage Area

Resources:

• Crossroads of the American Revolution National Heritage Area
• RevolutionNJ

The cloud promises major efficiency gains for accounting firms, but is it introducing hidden security vulnerabilities? Michael Roglen of SysCloud — an NJCPA member benefit provider — debunks common cloud security myths, discusses the critical security responsibilities that still fall squarely on your firm's shoulders, and provides a practical roadmap for a secure, successful cloud transition.

Topics discussed:

• How moving to the cloud changes how accounting firms should protect their data
• The biggest misconceptions about cloud security and backups
• Accounting firms’ responsibilities for data protection
• Operational and efficiency gains
• Cost management of implementing new technology
• About SysCloud

Resources:

• Learn more about SysCloud
• Cybersecurity Knowledge Hub
• Technology Planning Knowledge Hub

This episode explores the structure of the AICPA attestation standards and how a recent Auditing Standards Board (ASB) proposal may change them.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Proposed attestation changes: What CPAs should know
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Most CPAs know the federal tax calendar cold. But state entity compliance is a very different story. The rules vary dramatically from state to state, and missing a filing can create real problems for clients. And in 2026, there are some important developments CPAs should be paying attention to, especially in New Jersey, Delaware and Pennsylvania. Frank Tumminello from FileForms breaks it all down and talks about how software can help.

Topics discussed:

• Why state entity compliance complicated
• Consequences of missed filings
• Rolling deadlines versus fixed-date deadlines
• New Jersey tax compliance
• Florida tax compliance
• Delaware tax compliance
• Leveraging software
• Collecting and submitting state fees
• Pennsylvania tax compliance
• Coordinating multi-state compliance
• What “good” compliance looks like
• Three things every CPA can do

Resources:

• Request a free 2026 compliance calendar from FileForms
• Learn more about FileForms for CPAs
• Book a demo
• State-specific resources:
• Florida Annual Report 2026: May 1 Deadline
• Delaware Franchise Tax 2026: LLC June 1
• Delaware Annual Report: Deadlines, Fees & Compliance
• New York Biennial Statement Filing